OP Bancorp Financials

OPBK

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows OP Bancorp (OPBK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 60/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

100

OP Bancorp's revenue surged 53.6% year-over-year to $3.3M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

OP Bancorp has elevated debt relative to equity (D/E of 10.54), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

100

OP Bancorp converts 913.3% of revenue into free cash flow ($29.8M). This strong cash generation earns a score of 100/100.

Returns

OP Bancorp's ROE of 10.3% shows moderate profitability relative to equity, earning a score of 41/100. This is down from 12.4% the prior year.

Piotroski F-Score Neutral

5/9

OP Bancorp passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.49x

For every $1 of reported earnings, OP Bancorp generates $1.49 in operating cash flow ($31.3M OCF vs $21.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$3.3M

YoY+53.6%

5Y CAGR+10.1%

OP Bancorp generated $3.3M in revenue in fiscal year 2024. This represents an increase of 53.6% from the prior year.

EBITDA

N/A

Free Cash Flow

$29.8M

YoY-54.6%

5Y CAGR+11.6%

OP Bancorp generated $29.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 54.6% from the prior year.

Net Income

$21.1M

YoY-11.9%

5Y CAGR+4.7%

OP Bancorp reported $21.1M in net income in fiscal year 2024. This represents a decrease of 11.9% from the prior year.

EPS (Diluted)

$1.39

YoY-10.3%

5Y CAGR+6.2%

OP Bancorp earned $1.39 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 10.3% from the prior year.

Cash & Debt

$134.9M

YoY+47.9%

5Y CAGR+9.4%

OP Bancorp held $134.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.48

YoY+0.0%

5Y CAGR+19.1%

OP Bancorp paid $0.48 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

15M

YoY-1.2%

5Y CAGR-1.2%

OP Bancorp had 15M shares outstanding in fiscal year 2024. This represents a decrease of 1.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

646.1%

YoY-480.5pp

5Y CAGR-185.5pp

OP Bancorp's net profit margin was 646.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 480.5 percentage points from the prior year.

Return on Equity

10.3%

YoY-2.1pp

5Y CAGR-1.6pp

OP Bancorp's ROE was 10.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$2.7M

YoY-30.3%

5Y CAGR-12.6%

OP Bancorp spent $2.7M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 30.3% from the prior year.

Capital Expenditures

$1.6M

YoY-28.5%

5Y CAGR-2.1%

OP Bancorp invested $1.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 28.5% from the prior year.

OPBK Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$3.3M+53.6%	$2.1M+26.7%	$1.7M+7.2%	$1.6M+9.2%	$1.4M-29.0%	$2.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$72.0M+35.9%	$53.0M+368.8%	$11.3M+260.8%	$3.1M-62.2%	$8.3M-42.8%	$14.5M
Income Tax	$8.0M-16.3%	$9.6M-28.6%	$13.4M+13.5%	$11.8M+131.4%	$5.1M-4.0%	$5.3M
Net Income	$21.1M-11.9%	$23.9M-28.2%	$33.3M+15.5%	$28.8M+119.7%	$13.1M-21.7%	$16.8M
EPS (Diluted)	$1.39-10.3%	$1.55-27.6%	$2.14+13.8%	$1.88+121.2%	$0.85-17.5%	$1.03

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$725K-28.7%	$1.0M+1.7%	$1.0M+3.4%	$967K+8.8%	$889K+12.1%	$793K+29.6%	$612K+9.9%	$557K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$18.2M+1.3%	$17.9M+2.9%	$17.4M-3.8%	$18.1M-3.6%	$18.8M+3.5%	$18.2M+7.3%	$16.9M+8.9%	$15.6M
Income Tax	$3.0M+40.5%	$2.1M-0.5%	$2.1M+25.3%	$1.7M-20.9%	$2.1M+0.3%	$2.1M+4.9%	$2.0M-4.1%	$2.1M
Net Income	$6.7M+5.8%	$6.3M+13.9%	$5.6M+11.8%	$5.0M-8.6%	$5.4M0.0%	$5.4M+4.0%	$5.2M+1.0%	$5.2M
EPS (Diluted)	$0.45+7.1%	$0.42+13.5%	$0.37+42.3%	$0.26-27.8%	$0.360.0%	$0.36+5.9%	$0.34+161.5%	$0.13

OPBK Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.4B+10.2%	$2.1B+2.5%	$2.1B+21.3%	$1.7B+26.3%	$1.4B+15.9%	$1.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$134.9M+47.9%	$91.2M+9.9%	$83.0M-28.1%	$115.5M+8.6%	$106.3M+23.6%	$86.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.2B+10.5%	$2.0B+2.0%	$1.9B+22.8%	$1.6B+27.6%	$1.2B+17.8%	$1.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$205.0M+6.4%	$192.6M+8.9%	$176.9M+7.1%	$165.2M+15.2%	$143.4M+2.0%	$140.6M
Retained Earnings	$134.8M+11.5%	$120.9M+14.3%	$105.7M+33.7%	$79.1M+42.8%	$55.3M+19.1%	$46.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$2.6B+2.0%	$2.6B+2.0%	$2.5B+6.2%	$2.4B-0.9%	$2.4B+4.2%	$2.3B+2.5%	$2.2B+4.0%	$2.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$166.7M-18.8%	$205.4M+3.3%	$198.9M+47.4%	$134.9M-19.1%	$166.8M+30.6%	$127.7M-8.3%	$139.2M+52.7%	$91.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.4B+1.8%	$2.3B+2.0%	$2.3B+6.6%	$2.2B-1.1%	$2.2B+4.3%	$2.1B+2.7%	$2.0B+4.3%	$2.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$221.5M+3.6%	$213.7M+1.7%	$210.1M+2.5%	$205.0M+0.7%	$203.6M+3.9%	$195.9M+0.6%	$194.7M+1.1%	$192.6M
Retained Earnings	$148.0M+3.4%	$143.1M+3.3%	$138.6M+2.8%	$134.8M+2.4%	$131.6M+2.9%	$127.9M+2.9%	$124.3M+2.8%	$120.9M

OPBK Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$31.3M-53.8%	$67.8M-19.0%	$83.7M+396.1%	-$28.3M-482.9%	-$4.9M-125.6%	$19.0M
Capital Expenditures	$1.6M-28.5%	$2.2M+54.7%	$1.4M+25.5%	$1.1M+81.7%	$619K-64.4%	$1.7M
Free Cash Flow	$29.8M-54.6%	$65.7M-20.2%	$82.3M+380.0%	-$29.4M-437.5%	-$5.5M-131.7%	$17.2M
Investing Cash Flow	-$187.4M-146.7%	-$76.0M+83.5%	-$461.8M-61.4%	-$286.0M-94.5%	-$147.1M-24.6%	-$118.0M
Financing Cash Flow	$199.8M+1120.3%	$16.4M-95.3%	$345.6M+6.8%	$323.5M+87.8%	$172.3M+60.5%	$107.4M
Dividends Paid	$7.1M-1.7%	$7.3M+8.9%	$6.7M+30.1%	$5.1M+20.4%	$4.3M+35.3%	$3.2M
Share Buybacks	$2.7M-30.3%	$3.9M	$0-100.0%	$28K-99.7%	$8.1M+50.3%	$5.4M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$23.9M+442.9%	-$7.0M-223.7%	$5.6M+4.6%	$5.4M-59.5%	$13.3M-15.4%	$15.8M+599.9%	-$3.2M-136.6%	-$1.3M
Capital Expenditures	$554K-23.1%	$720K-49.4%	$1.4M+74.7%	$815K+40.5%	$580K+653.2%	$77K-14.4%	$90K-61.0%	$231K
Free Cash Flow	$23.4M+403.6%	-$7.7M-282.5%	$4.2M-7.9%	$4.6M-64.1%	$12.8M-18.7%	$15.7M+583.6%	-$3.2M-107.4%	-$1.6M
Investing Cash Flow	-$104.5M-338.8%	-$23.8M+70.9%	-$81.8M-353.1%	-$18.1M+67.9%	-$56.2M+28.5%	-$78.6M-127.8%	-$34.5M-1323.1%	-$2.4M
Financing Cash Flow	$41.9M+12.3%	$37.3M-73.4%	$140.1M+831.3%	-$19.2M-123.4%	$82.0M+59.8%	$51.3M-40.1%	$85.7M+896.2%	-$10.8M
Dividends Paid	$1.8M+0.2%	$1.8M+0.2%	$1.8M0.0%	$1.8M+0.1%	$1.8M-0.6%	$1.8M-0.8%	$1.8M+0.1%	$1.8M
Share Buybacks	$0-100.0%	$713K	$0	$0-100.0%	$52K-97.6%	$2.2M+357.1%	$483K-64.3%	$1.4M

OPBK Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	646.1%-480.5pp	1126.6%-862.1pp	1988.7%+142.3pp	1846.3%+929.0pp	917.3%+85.7pp	831.6%
Return on Equity	10.3%-2.1pp	12.4%-6.4pp	18.8%+1.4pp	17.5%+8.3pp	9.2%-2.8pp	11.9%
Return on Assets	0.9%-0.2pp	1.1%-0.5pp	1.6%-0.1pp	1.7%+0.7pp	1.0%-0.5pp	1.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.54+0.4	10.15-0.7	10.84+1.4	9.45+0.9	8.53+1.1	7.39
FCF Margin	913.3%-2179.4pp	3092.7%-1822.1pp	4914.8%+6797.1pp	-1882.4%-1500.1pp	-382.3%-1237.9pp	855.6%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	924.5%+301.8pp	622.7%+66.7pp	556.0%+41.9pp	514.1%-97.4pp	611.5%-74.0pp	685.5%-168.4pp	853.9%-74.6pp	928.6%
Return on Equity	3.0%+0.1pp	3.0%+0.3pp	2.6%+0.2pp	2.4%-0.3pp	2.7%-0.1pp	2.8%+0.1pp	2.7%0.0pp	2.7%
Return on Assets	0.3%0.0pp	0.3%+0.0pp	0.2%+0.0pp	0.2%-0.0pp	0.2%0.0pp	0.2%0.0pp	0.2%0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.80-0.2	11.00+0.0	10.96+0.4	10.54-0.2	10.73+0.0	10.69+0.2	10.48+0.3	10.15
FCF Margin	3226.3%+3983.9pp	-757.5%-1179.6pp	422.1%-51.9pp	474.0%-960.5pp	1434.5%-543.9pp	1978.4%+2508.5pp	-530.1%-249.3pp	-280.8%

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Frequently Asked Questions

What is OP Bancorp's annual revenue?

OP Bancorp (OPBK) reported $3.3M in total revenue for fiscal year 2024. This represents a 53.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is OP Bancorp's revenue growing?

OP Bancorp (OPBK) revenue grew by 53.6% year-over-year, from $2.1M to $3.3M in fiscal year 2024.

Is OP Bancorp profitable?

Yes, OP Bancorp (OPBK) reported a net income of $21.1M in fiscal year 2024, with a net profit margin of 646.1%.

What is OP Bancorp's earnings per share (EPS)?

OP Bancorp (OPBK) reported diluted earnings per share of $1.39 for fiscal year 2024. This represents a -10.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is OP Bancorp's net profit margin?

OP Bancorp (OPBK) had a net profit margin of 646.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does OP Bancorp pay dividends?

Yes, OP Bancorp (OPBK) paid $0.48 per share in dividends during fiscal year 2024.

What is OP Bancorp's return on equity (ROE)?

OP Bancorp (OPBK) has a return on equity of 10.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is OP Bancorp's free cash flow?

OP Bancorp (OPBK) generated $29.8M in free cash flow during fiscal year 2024. This represents a -54.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is OP Bancorp's operating cash flow?

OP Bancorp (OPBK) generated $31.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are OP Bancorp's total assets?

OP Bancorp (OPBK) had $2.4B in total assets as of fiscal year 2024, including both current and long-term assets.

What are OP Bancorp's capital expenditures?

OP Bancorp (OPBK) invested $1.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does OP Bancorp buy back shares?

Yes, OP Bancorp (OPBK) spent $2.7M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does OP Bancorp have outstanding?

OP Bancorp (OPBK) had 15M shares outstanding as of fiscal year 2024.

What is OP Bancorp's debt-to-equity ratio?

OP Bancorp (OPBK) had a debt-to-equity ratio of 10.54 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is OP Bancorp's return on assets (ROA)?

OP Bancorp (OPBK) had a return on assets of 0.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is OP Bancorp's Piotroski F-Score?

OP Bancorp (OPBK) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are OP Bancorp's earnings high quality?

OP Bancorp (OPBK) has an earnings quality ratio of 1.49x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is OP Bancorp?

OP Bancorp (OPBK) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.